ZICB deposits rise to K1.1bn
Published On November 4, 2021 » 968 Views» By Times Reporter » Business, Stories
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By MAIMBOLWA MULIKELELA-
ZAMBIA Industrial Commercial Bank (ZICB)’s deposits have risen to about K1.1 billion for the nine months period ending September this year compared to K63 million in 2018. The growth in deposits represents an increase of 104 per cent, according to chief financial officer Louis Kabula. Addressing journalists in Lusaka yesterday to mark the bank’s third anniversary, Mr Kabula said ZICB also posted a profit before tax of K5 million as at September this year, coming from a loss of K12 million in 2018.

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